Uma Exports clocks robust debut, lists at 18% premium against issue price

Shares of Uma Exports listed at Rs 80 apiece on the BSE -- a 17.6 per cent premium against its issue price of Rs 68

Shares of Uma Exports made a robust debut on the bourses on Thursday, listing at Rs 80 apiece on the BSE -- a 17.6 per cent premium against its issue price of Rs 68. On the National Stock Exchange (NSE) the company debuted at Rs 76 per share.

So after the listing, the shares extended their rally and hit a high of Rs 83 on the BSE, as against a 0.6 per cent dip in the BSE Sensex at 10:10 AM. 

The three-day public offer of the company, engaged in export of agricultural produce and commodities, was subscribed 7.67 times during March